IB CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of IB CONSTRUCT is 3.0% (moderate). The annual accounts of IB CONSTRUCT for fiscal year 2024 show a net loss of 71% of the equity at the start of that year. The 2024 annual accounts show equity of €32k and a net result of €-75k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-67
Solvency34▼-36
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.5 against 1.79 in 2023; short-term debt: 50.3% of total assets), and 90.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9.2%
Return on assets
-22.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
62 d late
2023
106 d late
2022
143 d late
2021
48 d late
2020
117 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€517k▼ 2.9%
2023 · €532k
2020: €152klowest in 5 years
2021: €217k▲ +42.8% vs 2020
2022: €390k▲ +79.8% vs 2021
2023: €532k▲ +36.5% vs 2022highest in 5 years
2024: €517k▼ -2.9% vs 2023
2020 → 2024
EBIT margin
-14.6%▼ 19.8pp
2023 · 5.2%
2020: 7.6%
2021: 10.6%▲ +39.5% vs 2020
2022: 24.5%▲ +131% vs 2021highest in 5 years
2023: 5.2%▼ -78.9% vs 2022
2024: -14.6%▼ -382% vs 2023lowest in 5 years
2020 → 2024
Net result
€-75k
2023 · €20k
2020: €9k
2021: €23k▲ +149% vs 2020
2022: €58k▲ +156% vs 2021highest in 5 years
2023: €20k▼ -65.3% vs 2022
2024: €-75k▼ -477% vs 2023lowest in 5 years
2020 → 2024
Working capital
€86k▼ 17.3%
2023 · €104k
2020: €14klowest in 5 years
2021: €28k▲ +104% vs 2020
2022: €97k▲ +242% vs 2021
2023: €104k▲ +7.3% vs 2022highest in 5 years
2024: €86k▼ -17.3% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€152k-€217k▲ 42.8%€390k▲ 79.8%€532k▲ 36.5%€517k▼ 2.9%
2020: €152klowest in 5 years
2021: €217k▲ +42.8% vs 2020
2022: €390k▲ +79.8% vs 2021
2023: €532k▲ +36.5% vs 2022highest in 5 years
2024: €517k▼ -2.9% vs 2023
Equity€12k-€35k▲ 187%€93k▲ 168%€107k▲ 15.1%€32k▼ 70.5%
2020: €12klowest in 5 years
2021: €35k▲ +187% vs 2020
2022: €93k▲ +168% vs 2021
2023: €107k▲ +15.1% vs 2022highest in 5 years
2024: €32k▼ -70.5% vs 2023
Operating result€12k-€23k▲ 99.1%€96k▲ 316%€28k▼ 71.2%€-75k
2020: €12k
2021: €23k▲ +99.1% vs 2020
2022: €96k▲ +316% vs 2021highest in 5 years
2023: €28k▼ -71.2% vs 2022
2024: €-75k▼ -374% vs 2023lowest in 5 years
Net result€9k-€23k▲ 149%€58k▲ 156%€20k▼ 65.3%€-75k
2020: €9k
2021: €23k▲ +149% vs 2020
2022: €58k▲ +156% vs 2021highest in 5 years
2023: €20k▼ -65.3% vs 2022
2024: €-75k▼ -477% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €75k after €28k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €342k
Fixed assets
€84k ▲ 2,353%
Current assets
€258k ▲ 10.0%
Equity and liabilities €342k
Equity
€32k ▼ 70.5%
Debt
€311k ▲ 137%
Debt's share of the balance-sheet total rises from 55.0% to 90.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-65k▼
2023 · €29k
Cash flow
€-65k▼
2023 · €22k
Current ratio
1.50▼
2023 · 1.79
Debt to equity
9.85▲
2023 · 1.22
ROE
-239.3%▼
2023 · 18.7%
ROA
-22.1%▼
2023 · 8.4%
Debt ≤ 1 year
€172k▲
2023 · €131k
Debt > 1 year
€139k
Staff costs
€35k▼
2023 · €84k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€238k€342k▲
Fixed assets21/28€3k€84k▲
Tangible fixed assets22/27€3k€84k▲
Plant, machinery and equipment23€1k€83k▲
Furniture and vehicles24€2k€1k▼
Current assets29/58€234k€258k▲
Amounts receivable within one year40/41€161k€258k▲
Trade receivables40€120k€256k▲
Other amounts receivable41€41k€2k▼
Cash at bank and in hand54/58€74k-
Deferred charges and accrued income490/1€84-
Equity and liabilities
Total equity and liabilities10/49€238k€342k▲
Equity10/15€107k€32k▼
Contributions10/11€3k€3k=
Reserves13€103k€103k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€1k€-74k▼
Amounts payable17/49€131k€311k▲
Amounts payable after more than one year17-€139k
Financial debts170/4-€139k
Amounts payable within one year42/48€131k€172k▲
Current portion of amounts payable after more than one year42-€46k
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€68k€124k▲
Suppliers440/4€68k€124k▲
Taxes, remuneration and social security45€41k-
Taxes450/3€37k-
Remuneration and social security454/9€4k-
Other amounts payable47/48€21k-
Accrued charges and deferred income492/3€50-
Income statement
Code20232024
Turnover70€532k€517k▼
Non-recurring operating income76A€1k-
Goods, raw materials, services and sundry goods60/61€419k€535k▲
Remuneration, social security and pensions62€84k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€11k▲
Other operating charges640/8€576€845▲
Non-recurring operating charges66A€1k€10k▲
Gross operating margin9900€114k€-19k▼
Operating profit (loss)9901€28k€-75k▼
Financial income75/76B€132-
Recurring financial income75€132-
Non-recurring financial income76B€132-
Financial charges65/66B€681-
Recurring financial charges65€681-
Profit (loss) for the period before taxes9903€27k€-75k▼
Income taxes67/77€7k-
Profit (loss) for the period9904€20k€-75k▼
Profit (loss) for the period to be appropriated9905€20k€-75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-74k▼
Profit (loss) brought forward from the previous period14P-€1k
Transfer to equity691/2€19k-
To other reserves6921€19k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €152k | €217k | €390k | €532k | €517k | ▼ 2.9% |
| Non-recurring operating income76A | - | - | €290 | €1k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €129k | €225k | €419k | €535k | ▲ 27.7% |
| Remuneration, social security and pensions62 | - | €62k | €65k | €84k | €35k | ▼ 58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158 | €838 | €1k | €1k | €11k | ▲ 633% |
| Other operating charges640/8 | - | €2k | €819 | €576 | €845 | ▲ 46.6% |
| Non-recurring operating charges66A | - | - | €2k | €1k | €10k | ▲ 901% |
| Gross operating margin9900 | €74k | €88k | €165k | €114k | €-19k | ▼ 116% |
| Operating profit (loss)9901 | €12k | €23k | €96k | €28k | €-75k | ▼ 374% |
| Financial income75/76B | - | - | - | €132 | - | - |
| Recurring financial income75 | - | - | - | €132 | - | - |
| Non-recurring financial income76B | - | - | - | €132 | - | - |
| Financial charges65/66B | - | €408 | €2k | €681 | - | - |
| Recurring financial charges65 | - | €408 | €2k | €681 | - | - |
| Profit (loss) for the period before taxes9903 | €12k | €23k | €94k | €27k | €-75k | ▼ 380% |
| Income taxes67/77 | €2k | - | €36k | €7k | - | - |
| Profit (loss) for the period9904 | €9k | €23k | €58k | €20k | €-75k | ▼ 477% |
| Profit (loss) for the period to be appropriated9905 | €9k | €23k | €58k | €20k | €-75k | ▼ 477% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53k | €60k | €203k | €238k | €342k | ▲ 43.9% |
| Fixed assets21/28 | €3k | €6k | €5k | €3k | €84k | ▲ 2,353% |
| Tangible fixed assets22/27 | €3k | €6k | €5k | €3k | €84k | ▲ 2,353% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €83k | ▲ 6,493% |
| Furniture and vehicles24 | - | €4k | €3k | €2k | €1k | ▼ 48.6% |
| Current assets29/58 | €50k | €53k | €198k | €234k | €258k | ▲ 10.0% |
| Amounts receivable within one year40/41 | €34k | €50k | €160k | €161k | €258k | ▲ 60.6% |
| Trade receivables40 | - | €23k | €126k | €120k | €256k | ▲ 114% |
| Other amounts receivable41 | - | €26k | €33k | €41k | €2k | ▼ 95.2% |
| Cash at bank and in hand54/58 | €14k | €4k | €38k | €74k | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €84 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53k | €60k | €203k | €238k | €342k | ▲ 43.9% |
| Equity10/15 | €12k | €35k | €93k | €107k | €32k | ▼ 70.5% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Reserves13 | - | - | €84k | €103k | €103k | = |
| Non-distributable reserves130/1 | - | - | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | - | €3k | €3k | €3k | = |
| Distributable reserves133 | - | - | €81k | €100k | €100k | = |
| Profit (loss) carried forward14 | €9k | €32k | €6k | €1k | €-74k | ▼ 7,210% |
| Amounts payable17/49 | €41k | €25k | €110k | €131k | €311k | ▲ 137% |
| Amounts payable after more than one year17 | €5k | - | - | - | €139k | - |
| Financial debts170/4 | - | - | - | - | €139k | - |
| Amounts payable within one year42/48 | €36k | €25k | €101k | €131k | €172k | ▲ 31.5% |
| Current portion of amounts payable after more than one year42 | - | €5k | - | - | €46k | - |
| Financial debts43 | - | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | - | €2k | - |
| Trade debts44 | €16k | €13k | €40k | €68k | €124k | ▲ 81.4% |
| Suppliers440/4 | - | €13k | €40k | €68k | €124k | ▲ 81.4% |
| Taxes, remuneration and social security45 | - | €4k | €40k | €41k | - | - |
| Taxes450/3 | - | €1k | €40k | €37k | - | - |
| Remuneration and social security454/9 | - | €3k | - | €4k | - | - |
| Other amounts payable47/48 | - | €3k | €22k | €21k | - | - |
| Accrued charges and deferred income492/3 | - | - | €9k | €50 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €23k | €58k | €20k | €-75k | ▼ 477% |
| + Depreciation and write-downs630 | €158 | €838 | €1k | €1k | €11k | ▲ 633% |
| Operating cash flow (approximation) | €9k | €23k | €59k | €22k | €-65k | ▼ 400% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €0 | €-92k | - |
| Change in cash | - | €-10k | €35k | €36k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 62 days late
2024
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series.
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
31-12
Financial
Equity above €100kEq €107k ▲15.1%
4 profitable years in a row build equity to €107k.
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 143 days late
2022
31-12
Financial
Highest result since 2020net €58k ▲156%
Operating result €96k, net result €58k, both a record.
17-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 48 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2020
Ground area
231 m²
Building footprint
93 m²
Volume, LiDAR
1,029 m³
Parcel 44432C0843/00B004, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IB PLEISTERWERKEN
since 20202.299.133.788
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0843/00B004 | Flanders | 231 m² | 1 · 93 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,720 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43990Other specialised construction activities
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.